Today the international NGO-network BankTrack added
Andritz AG to their list of firms with particularly devastating social and
environmental practices. The Austrian company is now listed with firms like
Exxon Mobil, Lockheed Martin or Walmart. Reasons behind this are the company's
continuing participation in the Ilisu Dam project in south-eastern Turkey as well as their involvement or planned involvement in further
destructive projects, such as the Belo Monte Dam in Brazil
or the Bell Bay Pulp Mill in Tasmania.

Johan Frijns, Coordinator of BankTrack: "We've
added Andritz to our black list because they have developed into a globally
operating company which does not comply with international social and
ecological standards. Andritz continues to participate in projects even when
other companies pull out. No bank aspiring towards sustainability should be
seen financing such a company."

BankTrack is an international NGO-network which
monitors commercial banks and investment activities and informs the investor
community (bank analysts, companies, pension funds, etc.) and the general
public about the social and environmental impacts of their operations.

Only a few days ago Andritz declared that they would
continue their involvement in the Ilisu Dam project even though Germany, Austria
and Switzerland
withdrew from the project after two years of close monitoring of project
developments. While three European banks and German and Swiss companies
followed their recommendations and also pulled out of the project, Andritz
continues its involvement.